Geely Auto (175 HK) Hong Kong
Report by Entext
Sean Maher adds Geely to his autonomous driving thematic basket which also includes Denso, Renesas and General Motors. Sean notes that Geely is planning a 2024 commercial Level 4 self-driving launch (much sooner than consensus expectations). He is seeking more China exposure this year - the country is starting to lead in automated deployment and local stocks have derated dramatically despite world class IP. On the big question re. whether Level 4+ autonomy needs Lidar - Sean would continue to bet on ‘belt and braces’ hardware redundancy winning and the Chinese crashing the cost of Lidar sensors as they scale up.